Article 70J79 France is in crisis but bond markets leave other governments at risk of meltdown too

France is in crisis but bond markets leave other governments at risk of meltdown too

by
Heather Stewart Economics editor
from on (#70J79)

Investors rattled by resignation of French PM but country is not alone in trying to grapple with political maths

Sebastien Lecornu's abrupt resignation as the French prime minister on Monday after less than a month in the role marked the latest clash between France's stretched public finances and its polarised politics.

Lecornu was the latest prime minister to try and fail to cobble together a package of spending cuts and tax rises that would pass muster in a parliament without a clear majority, and contain mounting bond market pressures.

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